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Mortgage-Backed Securities
Languish on Continued Sales

Updated April 28, 2000 6:36 p.m. ET

NEW YORK -- Mortgage-backed securities languished Friday with other spread products, as the Treasury yield curve continued to invert.

And while index-fund managers usually bid the market up on the last business day of the month, sellers dominated the little activity that went through the mortgage sector Friday, causing mortgage securities to underperform other spread sectors.